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Looking to broaden device integration and support for its IPTV service customers, media technology solutions provider Amino has inked a long-term partnership wi. ....
Having collapsed in spectacular style after providing video services for over 100 operators, MobiTV has now seen its assets and patents acquired by TiVo. The wh. ....
| 02 March 2021 Aiming to shore up its finances as it restructures, app-based TV video delivery solutions provider MobiTV and its subsidiaries have voluntarily filed for fiscal relief under chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware. After it said was a thorough process of evaluating all strategic alternatives, MobiTV’s board of directors unanimously decided that pursuing a restructuring through a formal chapter 11 process was a necessary step forward for the business. As part of the process, MobiTV has received a commitment for a $15.5 million debtor-in-possession (DIP) financing facility, subject to Court approval, that the company says will enable it to see out the duration of its restructuring process, providing a financial runway and flexibility to execute on what the company called a “value-maximising” solution, which may include a going-concern sale under section 363 of the Bankruptcy Code. ....
Share this article Share this article EMERYVILLE, Calif., March 1, 2021 /PRNewswire/ MobiTV, Inc. (MobiTV) today announced that the Company, along with its subsidiaries, has voluntarily filed for relief under chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. MobiTV intends to use these proceedings to implement a restructuring process which will position the Company s operating platforms for long-term sustainability and growth. The Company is committed to working with its lenders and stakeholders towards a speedy and successful resolution of the case. MobiTV has received a commitment for a $15.5 million debtor-in-possession ( DIP ) financing facility that will support the Company for the duration of the restructuring process, providing MobiTV with the financial runway and flexibility to execute on a value-maximizing solution, which may include a going-concern sale under section 363 of the Bankruptcy Code. The new facility, wh ....